When you are rich, you are rich for yourself and your family; when you are wealthy, you may not be rich, but you are “wealthier” for this generation to the next, and that goes on and on.
That’s the significant difference between being rich and being wealthier.
If you are broke, you spend more than you get… and somehow somewhere things can go wrong, because you live a life of expectancy about having more money, but it’s not how it works.
When I was a teenager, my family needed to sell our second TV to pay the bills. Although my father was never poor, he built himself from a worker to a businessman who made his wealth from the ground created many assets and enough income. Bills are a central part of businesses.
That’s a matter of fact; if you want to live well, you’ll need to be able to take risks; even if you are broke and have a business, you are never broke as if you have nothing and no business…
Businesses are a way to create wealth for society, even those that don’t want to do any good for society end up helping its community and the like.
In the same old days of being a teenager, my family was in a scarcity model. So I learned to become a hard-work (later smart worker) and a saver (later investor).
Work hard to build an income, build a more automatic income, and work smarter.
This strategy works 100% of the time if you are willing to wait. Most of the money in the world is created simple by waiting; that’s how compounding works.
Work/service. Knowledge. Wealth. Prosperity.
On the practical side, you should save 25%-30% of your income. Review how you spend your money with cheap pleasures if you can’t get it.
But if you can’t start from 25%, start with 10%, then go from 10% to 30%. It would be best if you were relentless about your financial wealth. The only way to get it is by focusing on a single strategy diligently each month. In the future, you’ll become wealthier by reinvesting more than 50% of your monthly income. No magic, a simple process.
Take your 10% after you get your income, and you’ll be able to pay what’s left with the 90% that completes the sum. Of course, if you have more debts than income, don’t pay them, or you are to become broke… we’ll bring this strategy to you soon. Stay tuned.
We go from savings to investing; we go… then invest the 10% each month, later it will become 30% each month.
Each month repeat the same strategy:
Work hard to build an income, build a more automatic income, and work smarter.
Then keep investing, preferably in solid business that can pay you monthly dividends or income; it’s straightforward to find those.
But don’t leave your job or start a new business from scratch in ways you want to accelerate the process, there are a few ways to accelerate the process, and we will bring them here soon.
In my case, by using this strategy, I went from zero to buying my second car and third car and investing in two new businesses.
Then the second business brought me more monthly dividends, so my cash flow could build my third business.
Once you learn to keep the money and prosperity flowing into your accounts, you will want to keep this strategy working for your whole lifetime, and it will surely bring enough wealth for you and your loved ones.
Keep walking the path,
Regards,
Marcelo
Valeu Marcelão! Dicas ótimas.
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boa :)
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Obrigado! Seguimos! Abraço.
Excelente aula. Didática de fácil entendimento e instigante.